Does anyone use prompt rental payment discounts? In light of no longer being able to charge for late rental payments, could a landlord advertise a property at a slightly higher rate than the property would be advertised for normally, but offer the tenant a discount for each month the rent is paid on time? For […]

Land that is! Left Wing Organisations such as Shelter are very destructive in their comments and policies but need to understand they really must be Constructive not Destructive! The added numbers of young families needing to be housed is greater than the on-stream supply of houses. So where does Shelter suggest these houses come from? […]

The Tenant Fees Act 2019, which came into force on June 1st, is causing concern amongst landlords and agents. ARLA Propertymark, which represents residential letting agents and has over 9,000 members, appears to be panicking and giving out wrong advice. ARLA has advised its members that they may be in breach of the Act if […]

PIP is delighted to offer another opportunity within this elegant, high specification refurbishment, located within the sought after L25 postcode of Gateacre. We have been able to secure a discounted price exclusively for our investors on a stunning, spacious 2-bed, 2-bath apartment for only £165,000. According to local letting agents, this outstanding property should achieve a gross rental yield of up to […]

Citizens Advice has conducted a survey into the PRS and concluded renters do not receive the same level of protection as in other essential consumer markets. Click Here to view the full survey. Therefore they are calling for a ‘National Housing Body’ to set consistent standards, providing more protection for tenants and make it easier […]

A well known London letting agent found us a tenant, but subcontracted the referencing to a Referencing Agency. The reference report recommended that we accept the tenant and was a glowing report. After 6 months she stopped paying the rent, but the agent failed to inform us and we only discovered this when our Bank […]

I am currently a private tenant, renting via a lettings agency, with my partner. We’re coming to the end of our contract (13th July) and have a couple of questions on our ‘rights’ and what’s acceptable. Over the last few weeks there have been lots of viewings arranged by the agent. Monday to Saturday, often […]

David Cox, Chief Executive, ARLA Propertymark responds to the Government’s Selective licensing review commenting: “It’s disappointing that the long-awaited review on Selective Licensing recommends the continuation of the schemes. Licensing schemes do not work, and never will. They are not an effective way of promoting higher quality accommodation and introducing landlord registration will not be […]

The Selective Licensing Review report demonstrates the Government’s unwillingness to listen to landlords, the National Landlords Association (NLA) says. The report, which was released today, ignores the NLA’s suggestion of requiring local authorities to conduct an annual assessment to demonstrate the effectiveness of the schemes against the rationale for their introduction. Currently, although it is […]

HM’s Treasury this week made a potentially life changing announcement to those who suffer from debt/negative equity issues. From 2021, people struggling with serious debts are too benefit from a new two month “breathing space” scheme during which they cannot be hassled by debt collectors and bailiffs. The scheme will cover a variety of debts, […]

The Government’s Selective Licensing review, updated today, recommends a proposed National register of Landlords. Click here to download the document: ‘An independent review of the use and effectiveness of selective licensing.’ Point 6 of the recommendations summary states: “Government should consider introducing a national registration scheme for landlords to support and complement selective licensing.” This […]

Recognising the professional, efficient and calm way the company responded to a catastrophic fire, Tenancy Deposit Scheme (TDS) has been awarded ‘Most Effective Recovery’ at the CIR Business Continuity Awards in London. Now in its 21st year, the awards celebrate achievements in ‘business continuity, security and resilience’. Despite its entire headquarters in Hemel Hempstead being […]

Studies suggest that you should only be spending 30% or less of your monthly income on rent in order to maintain a good standard of living. Those spending more than this amount are said to be ‘cost burdened’. Comparethemarket.com have looked into the cost of rent across The UK. This study reveals that many don’t […]

I have now sold my main residence home and have given my son the cash from the sale. I will now be moving into one of my rental properties which I have never lived in previously. Once I have lived there it then becomes my main residence and as my principal residence for 12 months […]

The latest experience if of a 22 year old couple with a young baby seeking a house, but there is non available. Left Wing journalists and organisations such as Shelter, no matter how well intended, need to understand and assimilate the information before rushing into print and allocating blame! The average landlord owns just one […]

It’s a topic I have spoken about many times before, but sadly it doesn’t appear to be improving. Councils are still being forced to respond to Britain’s housing crisis by telling tenants who have been asked to leave by their landlords, to stay put until they are evicted. In many cases, landlords are left with […]

Conservative Party leadership candidates Boris Johnson and Jeremy Hunt are being urged to scrap the controversial Right to Rent scheme. A coalition of organisations made up of the Residential Landlords Association, the Joint Council for the Welfare of Immigrants and the 3million, which represents EU citizens in the UK, have united in calling on both […]

Are you looking to raise finance for a property project? Do you fancy pitching for funding on a ‘Dragons Den’ style television show on Sky? If so email me and I will send you the application form. (Filming starts next week and I understand there are a few pitch slots available.) Do remember, that once […]

I own the house I currently live in as a sole owner. I am a higher rate tax payer, while my wife currently has nil income. We are looking to move to a another property and rent the one we are in right now on a AST. I’d like to split the rental income in […]

Brooklands Commercial Finance Ltd one of Property 118’s founding sponsors, has acquired The Mortgage Explorer Ltd as part of their continuing expansion plans. The Mortgage Explorer has recently celebrated its 20th birthday and is located down on the south coast, whilst its clients are spread throughout the UK. The company was incorporated with the intention […]

I have a tenant that is refusing to pay their rent directly to my bank account. He is paying through our letting agent who we do not have a managing agreement with. The tenant insists on not dealing with us and the letting agent just pay the rent on the tenant’s behalf. My question is […]